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Monthly Archives: November 2019

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Griffin Capital Fully Subscribes Two 1031 Exchange DST Offerings

Griffin Capital Company LLC has fully subscribed two 1031 exchange Delaware statutory trust offerings for multifamily properties located in Las Vegas, Nevada and Bedford,...

Red Oak Capital Sells Out Latest Reg A+ Fund

Red Oak Capital Fund III, a Regulation A+ bond offering sponsored by Red Oak Capital Group, has sold out after reaching the maximum statutory...

Inland Private Sells New Mexico Office Building in Latest Full-Cycle Transaction

Inland Private Capital Corporation, an alternative investment management firm and a sponsor of 1031 tax deferred exchanges, has sold its leasehold interest in a...

SEC Revokes Registration of RIA Engaged in $60 Million Fraud

The Securities and Exchange Commission has revoked the registration of New York-based investment adviser International Investment Group LLC (IIG), which it recently charged with...

The DI Wire Welcomes Resource Royalty as a New Directory Sponsor

The DI Wire is pleased to welcome Resource Royalty as the newest member of our directory.

SEC Charges Unregistered Broker Who Sold Woodbridge Securities to Retail Investors

The Securities and Exchange Commission has charged Brett Pittsenbargar, a Texas-based external sales agent for Woodbridge Group of Companies LLC, and his wholly-owned alter...

Congresswoman Introduces Bill to Repeal Opportunity Zones

On Friday, Representative Rashida Tlaib (D-MI) introduced legislation to repeal opportunity zones from the United States tax code.Conceived as part of the Tax Cuts...

FS/KKR Receives Shareholder Approval for Non-Traded BDC Merger

FS/KKR Advisor LLC, a partnership between FS Investments and KKR Credit Advisors LLC, announced that the shareholders of four business development companies under its...

Griffin Capital Essential Asset REIT Sells Los Angeles Office Building for $63.5 Million

Griffin Capital Essential Asset REIT, Inc., a publicly registered non-traded real estate investment trust, has sold a 151,300-square-foot, Class A office building located at...

Sponsored: Standardization Meets Individualized Solutions, Evolution of Today’s Custody Offering

By: Amy Small, executive vice president, executive director of institutional custody at UMB Bank.The investments industry is in the midst of an evolution. Advisors,...

W.P. Carey-Sponsored REIT Lowers Quarterly Net Asset Value Per Share

Corporate Property Associates 18 – Global Inc., a publicly registered non-traded real estate investment trust managed by W.P. Carey Inc. (NYSE: WPC), has updated...

FINRA Bars Former Pruco Securities Rep for Refusing to Participate in Investigation

The Financial Industry Regulatory Authority has barred Joseph Viet Duy Phan, a former Pruco Securities representative, for refusing to provide on-the-record testimony in connection...

NB Private Capital Expands Student Housing Portfolio with Latest Acquisition

NB Private Capital LLC, a real estate investment firm and sponsor of private placement offerings, has purchased a newly built Class A student housing...

CNL Strategic Capital Closes on Fourth Investment

CNL Strategic Capital LLC, a publicly registered non-traded limited liability company, has closed on an approximately $10 million investment in Milton Industries, a manufacturer...

VEREIT to Pay $8 Million to Settle SEC Investigation of Schorsch-Era Accounting Scandal

VEREIT, Inc. (NYSE: VER), a publicly traded REIT formerly known as American Realty Capital Properties (ARCP), has reached an agreement with the Securities Exchange...

Blackstone REIT Increases Monthly NAV Per Share

Blackstone Real Estate Income Trust, a publicly registered non-traded REIT sponsored by private equity giant The Blackstone Group (NYSE: BX), updated the monthly net...

Inland Securities Hires Another SVP External Wholesaler

Inland Securities Corporation, the exclusive dealer-manager and placement agent for real estate investment programs sponsored by Inland Real Estate Investment Corporation and Inland Private...

NexPoint-Advised Private REIT Buys Portfolio of 951 Single-Family Rental Homes

VineBrook Homes Trust Inc., a private real estate investment trust advised by a NexPoint affiliate and managed by VineBrook Homes LLC, has purchased a...

Capital Square 1031 Takes DST Full Cycle and Delivers 152% Total Return

Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings, announced the sale of an approximately 112,000-square-foot research and development facility in...

Shopoff Names Vice President of Acquisitions

Shopoff Realty Investments, a national manager of opportunistic and value-add real estate investments, has promoted Cameron Ghassemi to the role of vice president of...